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...side, American Express enlisted the aid of the Lazard Frères investment banking firm, and Lazard in turn engaged Joseph Flom, a lawyer famed for his skill in fighting long delaying actions against takeovers and thus an expert on how to counteract such tactics. American Express further arranged $700 million in stand-by credits from major banks. It obviously does not need the money, but might prefer to borrow for the takeover rather than cash in some high-yielding securities...
...masking sauces, greater reliance on the fresh flesh, fish, fowl and vegetables that can be encouraged to speak for themselves. Jean and Pierre Troisgros most elegantly practice the new cookery at their three-star restaurant in the Rhone Valley. In The Nouvelle Cuisine (Morrow; 254 pages; $12.95), the chers frères range easily from red mullet with beef marrow to that little-known marvel, coupe-jarret, which consists of five different meats (pork, veal, beef, lamb and chicken) cooked in one kettle...
...been "more centralism than democracy" in Communism's history and asked whether the French party could not now accommodate more debate, lest it continue to lose rank-and-file voters. Philosopher Louis Althusser, a party hardliner, joined the criticism with his own Le Monde series, and Jacques Frémontier, editor of a Communist magazine for factory workers, resigned in protest over Marchais's handling of the election...
...belongs to the legendary economist who left the Federal Reserve Board in March after eight years as chairman. Last week, following a quiet little bidding war for his services, the former Fed chief accepted a job as "senior adviser" at the highly influential investment banking firm of Lazard Frères. While Henry Kissinger surely holds the modern pay record for ex-Washington officials in part-time jobs on Wall Street,* Burns will do all right for a retired bureaucrat of 74. His retainer: reportedly in the $100,000 to $200,000 a year range...
...Humanité, the party paper, critics have had little difficulty finding other forums. Six party intellectuals, writing collectively in Le Monde, charged that the central committee's "no responsibility" position was contrary to the "need for broad and profound reflection on what has happened." Jacques Frémontier, editor of the party magazine Action, penned an open letter of resignation to Marchais: "We made a mistake−on the Socialist Party, on power, on the Common Program, on the union of the left, on tactics...